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Tips & Hacks

Do Canadians Owe Taxes on Credit Card Loyalty Points? Possibly.

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Do Canadian owe taxes on credit card loyalty points? The quick answer is sometimes yes, sometimes no. If the points were collected or earned from personal use it shouldn’t be a problem. If you’re collecting points from work i.e. your employer allows you to collect points for company travel, and then reimburses you the cost of the travel, the Canada ... Read More »

Canada’s Highest Credit Card Fee? Obnoxious or Worth it?

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So what is the highest annual fee for a Canadian credit card? It’s a $699 annual fee for the American Express Canada Platinum Card. Here’s how the comparison breaks out with some of the other leading Canadian credit card programs offered by the big banks: Issuer Credit Card Annual Fee Amex Platinum   $699 Amex Aeroplan Platinum   $499 Scotia ... Read More »

Balance Transfer Credit Cards – Four Golden Rules

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Before we start let’s define what a low balance transfer credit card is for those who don’t know. A balance transfer, is when you transfer your existing credit card balance from one credit card, to a new credit card that has a lower interest rate for an introductory period. Balance transfer credit cards are an incredibly effective way to consolidate debt ... Read More »

7 Steps to Find the Right Canadian Rewards Credit Card For You

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More and more Canadians are spending their money using credit cards instead of cash or debit. There are many reasons for this, including the rising popularity of rewards programs and the proliferation in online shopping. Regardless of the motivation, we’re here to tell you who should be considering a rewards card and some of the not so obvious things to ... Read More »

4 Steps to Lowering Your Credit Card Interest Payments

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Are you feeling the squeeze of your credit card payments? If you have credit card debt, and can use a few strategies to help lower your debt, we have a few strategies for you: Step 1 Pay Your Balance if You Can: If you have credit card debt, you will almost always be better off paying off your debt versus putting ... Read More »